Amazon Changes Tax Practices in Europe -- Update

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Lisa Fleisher and Sam Schechner Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made ...

Barrick Gold Sells Cowal Mine

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SYDNEY—Barrick Gold Corp. said it will sell an Australian gold operation to local miner Evolution Mining Ltd. for US$550 million, one of several planned sales aimed at helping the miner reduce billions of dollars in debt. Barrick, the world's largest ...

Officials Emphasize Unemployment's Threat to Europe

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SINTRA, Portugal—High and divergent unemployment rates in Europe pose a serious threat to the region's long-term economic health, central bankers and economists warned during a weekend conference held by the European Central Bank. But they stopped short of offering specific ...

Japan Slides Back into Trade Deficit

TODAY: May 25, 2015 PUB DATE: May 25, 2015

TOKYO—Japan fell back into a trade deficit in April, although the result was much better than forecast, as a jump in exports to the U.S. helped mitigate an increase crude oil import volumes. A month after recording its first trade ...

Japan Stocks Lead Asia Higher

TODAY: May 25, 2015 PUB DATE: May 25, 2015

Japanese stocks led Asian markets mostly higher in early Monday trading, helped by a higher dollar, which fueled buying in export-related shares. The Nikkei Stock Average was up 0.6% at 20,388.99, refreshing a 15-year high, while Singapore's ST was also ...

Singapore April Consumer Price Decline Accelerates

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Gaurav Raghuvanshi SINGAPORE--Singapore consumer prices fell at a faster-than-expected pace in April, amid a continued fall in housing and transportation costs that was accentuated by lower global energy prices. The consumer price index for April fell 0.5% from a ...

Sirius Resources Gets $1.4 Billion Takeover Offer

TODAY: May 25, 2015 PUB DATE: May 25, 2015

SYDNEY—A mining company that traces its roots to one man's hunt for wreckage from a NASA space station in the Outback has become the focus of one of Australia's biggest resources deals so far this year. Sirius Resources NL, which ...

U.S. Fast-Track Vote Bolsters Talks on Pacific Trade Pact

TODAY: May 25, 2015 PUB DATE: May 25, 2015

BORACAY, Philippines—The U.S. Senate's passage of fast-track legislation has injected fresh momentum into talks on a landmark Pacific trade deal, with negotiators saying they are in the final stages of discussions after more than five years of wrangling. U.S. Trade ...

Oil Trades Sideways as Markets Weigh Demand, Supply Metrics

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Eric Yep Crude-oil futures traded sideways in early Asian trade Monday as investors weighed signals of global oil demand growth and U.S. oil supply, and amid caution ahead OPEC's next meeting in early-June. On the New York Mercantile Exchange, ...

Dollar Up Against Yen After U.S. CPI, Yellen Comments

TODAY: May 25, 2015 PUB DATE: May 25, 2015

By Hiroyuki Kachi The dollar inched up against the yen, coming closer to hitting its year high in Asian trade Monday, with the greenback extending its gains following upbeat U.S. inflation data and comments by Federal Reserve Chairwoman Janet Yellen ...

Greece Won't Meet IMF Repayments in June, Minister Says

TODAY: May 25, 2015 PUB DATE: May 25, 2015

ATHENS—Greece said Sunday that it won't have the money it is due to repay to the International Monetary Fund next month unless it strikes a deal with international creditors over further rescue funding. Interior Minister Nikos Voutsis told privately owned ...

MARKET SNAPSHOT: Economic Data To Carry More Heft As Earnings Dry Up

TODAY: May 25, 2015 PUB DATE: May 24, 2015

By Wallace Witkowski, MarketWatch Costco, AutoZone, Avago Tech still left to report First-quarter earnings reports are winding down, and most companies appear to have dodged the dreaded year-over-year decline. That should free investors to refocus their concerns on broader economic ...

Amazon Changes Tax Practices in Europe Amid Investigations

TODAY: May 25, 2015 PUB DATE: May 24, 2015

By Lisa Fleisher and Sam Schechner Amazon.com Inc. has started booking revenue from retail sales in individual European countries, instead of funneling all sales through low-tax Luxembourg, amid intense scrutiny of corporate tax practices in Europe. The change was made ...

Senate Passes Fast-Track Trade Legislation -- Update

TODAY: May 25, 2015 PUB DATE: May 23, 2015

By Siobhan Hughes WASHINGTON--The Senate on Friday passed major trade legislation that would pave the way for President Barack Obama's signature Pacific trade deal, marking a victory for the Obama administration and Republican leaders in Congress and sending the bill ...

Murray Energy Confirms Layoffs

TODAY: May 25, 2015 PUB DATE: May 23, 2015

By John W. Miller and Timothy Puko Coal miner Murray Energy Corp. on Friday said it would lay off as many as 1,829 workers at mines in Illinois, Ohio and West Virginia. The shedding of over 20% of the workforce ...